International Renewable Energy Agency (IRENA)’s Post

🌊 Unlocking the Future of #Floating #OffshoreWind: A Key to Global #Decarbonization 🌍 At Oxan Energy, we're inspired by the findings from the International Renewable Energy Agency (IRENA)'s recent report ➡ "Floating Offshore Wind Outlook."🔗 https://lnkd.in/gduUmWje The report underlines the crucial #role of floating offshore wind in the global energy transition. Floating offshore wind offers immense potential to harness wind energy in deeper waters, far from the shore, where social acceptance is higher and wind resources are abundant. 📈 The numbers tell the story: 🔹 494 GW of offshore wind capacity needed by 2030. 🔹An impressive 244 GW of floating offshore wind projects are already in the pipeline. Yet, #challenges remain. From the need for international cooperation and economies of scale, enabling regulatory frameworks, increase ports infrastructure capacities, and advancing technological readiness, there's much work to be done. At Oxan Energy, we're committed to driving innovation and supporting the growth of floating offshore wind. Let's #collaborate to unlock its full potential and ensure a sustainable, energy-secure future. ⚡️ #RenewableEnergy #OffshoreWind #EnergyTransition #OxanEnergy

An extensive report which is clear about the challenges that floating offshore wind is facing ; but borrowing a citation from a SF series : "This is the way" to grow renewables energies by big amounts (up to 244GW in total) ; even if 10GW in 2030 seem also subject to discussions as 2030 is nearly tomorrow

Whilst offshore wind developments are not a matter of growth in a steady and straight line, there’s much to be optimistic about.   In Europe, 3.7 GW of offshore capacity has been added during 2023, according to WindEurope’s latest report on the key trends and statistics of offshore wind 📈   In the United States developments are accelerating too, and the East Coast states are leading the pack with currently over 43 GW of offshore wind capacity in various stages of development. For example, offshore wind is a cornerstone of the state of New York’s ambitious and comprehensive climate and clean energy legislation, which requires that at least 70% of New York’s electricity is generated from renewable sources by 2030 and commits to 100% zero-emission electricity by 2040 ⚡⚡   As a key player, NYSERDA (The New York State Energy Research & Development Authority) is working to advance the responsible and cost-effective development of at least 9 GW of offshore wind energy by 2035.   Ventolines is playing a pivotal role in supporting NYSERDA’s offshore wind development initiatives through comprehensive technical and economic analysis. Our expertise has facilitated the thorough evaluation of offshore wind projects, as well as provided assessments of various development and policy approaches, identification of potential risks, and essential recommendations to enhance project outcomes.   Click here if you want to know more about our work for NYSERDA and how we can contribute to your offshore wind project: https://lnkd.in/e5anbTQK   #movingforwardwithrenewableenergy #offshorewind #energytransition #renewablepower 

In 2023, nearly 10 gigawatts (GW) of new offshore wind capacity came online, bringing the global operational capacity to 67.4GW by the end of the year. China led this expansion with almost 5GW of new capacity. Despite challenges, such as increased costs and supply chain bottlenecks, offshore wind energy is on the rise globally, according to the WORLD FORUM OFFSHORE WIND (WFO). Positive developments were also seen in Europe, particularly in France, where capacity more than doubled with the Saint-Brieuc project. Norway's Hywind Tampen became the largest floating offshore wind farm at 88MW. The UK and Taiwan are notable for their considerable offshore wind farms under construction. The WFO aims to facilitate collaboration to further establish offshore wind as a leading renewable energy source. https://lnkd.in/ekNNTkTt #OffshoreWind #WFO #OdinGlobal

Europe Outlines Offshore Grid Expansion Blueprint Reading Time: 2 minutes WindEurope CEO Giles Dickson and Vice-Chair Alfredo Parres launched the European Offshore Network Development Plans (ONDPs), aligning with the EU’s grid modernization efforts and supporting the growth of offshore wind. The plans outline offshore transmission equipment needs and costs, offering clarity to developers and investors for each European sea basin through 2030, 2040, and 2050. With offshore renewables set to become a major energy source, the ONDPs advocate for efficient grid expansion, emphasizing regional coordination. They highlight the potential for hybrid offshore wind farms, fostering connectivity and efficient energy flows in Europe’s offshore grid. “There’s a new […] - https://lnkd.in/dZ5ajYYG #windenergy #windturbines #offshorewind #windturbine #cleanenergy #climatechange #sustainability #energynews #smartenergy #windfarm #windindustry #renewableenergy #renewables #europe #offshorewind #ondp #renewableenergy #windeurope

💡Acc. to International Renewable Energy Agency (IRENA)'s latest data, in 2022 global offshore wind capacity grew to 63.2 GW, signaling a positive development. 🌊 However, to comply with a 1.5°C Scenario, the global offshore wind capacity would need to increase to 494 GW by 2030 and 2 465 GW by 2050. 📈 But the current pace of deployment is not enough to comply with the ambitious 1.5C goal. Floating offshore wind is gaining traction among the industry as it promotes greater flexibility regarding high wind speed site selection, while also ensuring low social and environmental impact.👇 Explore our latest digital story to learn how offshore wind will play a key role in the global #energytransition. https://lnkd.in/gN3cuarn

📢 Global Wind Energy Council (GWEC)'s Global Offshore Wind Report is now available!    🌊 The report highlights significant progress and potential for the #OffshoreWind industry. In 2023, the industry achieved the second-highest annual installations, bringing total global capacity to 75 GW. This marks a pivotal moment where offshore wind is proving itself as a mature, competitive, and globally diverse industry. Looking ahead, GWEC's projections indicate that with the right policy frameworks, global offshore wind capacity could reach 487 GW by 2033. Dive into the report 👉 https://lnkd.in/dfs5KA5q

Norway-based Deep Wind Offshore has formed a new partnership with German company Hy2gen to explore the production of green hydrogen from offshore wind. Deep Wind Offshore and Hy2Gen aim to bring their respective strengths and capabilities from each technology to the new collaboration. “The combination of offshore wind and hydrogen has got massive potential,” said Knut Vassbotn, CEO of Deep Wind Offshore. “It is not possible to achieve net zero without green energy carriers, who will need a massive amount of renewable energy. “One of the main challenges with offshore wind development is access and capacity in the power grid. In combination with hydrogen, these challenges is removed, since the power from offshore wind can be used directly in production of green energy carriers. This is one of the drivers for the cooperation agreement with Hy2gen.” Deep Wind Offshore has developed offshore wind projects in Norway, Sweden, and South Korea, while Hy2gen has developed and operated green hydrogen production facilities across Europe, the US, and Canada. “Using energy carriers such as hydrogen is undoubtedly the most effective way to reduce CO2 emissions from industry and the transport sectors,” stated Hege Økland, General Manager of Hy2gen Norway. “This also resonates with the EU’s climate target, that 42% of hydrogen in industry must come from renewable energy sources by 2030.” #cleanenergy

Italy to Award Contracts for Difference for Offshore and Floating Wind Projects, EU Greenlights EUR 35.5 Billion Renewables Subsidy Scheme Italy will award Contracts for Difference (CfD) for fixed-bottom and floating offshore wind projects through a scheme for which the Italian government just received the EU go-ahead. The EUR 35.5 billion scheme is comprised in a draft decree, dubbed Decree FER2, which the Italian Ministry of the Environment and Energy Security (MASE) delivered to the EU Commission earlier this year and which promotes the construction of renewable energy projects using technologies that are not fully mature or have high operating costs. The objective of Decree FER2 is to incentivise the buildout of 4.6 GW of new projects by 31 December 2028, including fixed-bottom and floating offshore wind farms, floating solar, tidal, wave and other marine energies, geothermal energy, and thermodynamic solar. CfDs will also be awarded to biogas and biomass production projects through the same scheme...: https://lnkd.in/eBFZiDgb

Collaborative solutions to accelerate offshore wind production will take centre stage in 2024, as the US looks to ramp up development to meet aggressive renewable energy targets. Although plans are well underway to construct offshore wind farms on the US outer continental shelf (USOCS), the Jones Act and an absence of US flagged Jones Act compliant wind turbine installation vessels (WTIV) are impeding progress. In their latest prediction, Corey Greenwald and George Karayannides predict how alternative partnership options are to be heavily explored and adopted if the US is to meet its 2030 offshore wind production goal. Read their prediction here: https://bit.ly/3tvqPUM Follow our hashtag #predictions2024 to stay up to date.